We will ask to see firms’ written procedures that set out how they comply with the Money Laundering Regulations. Where firms have subscribed to a training provider manual, we will expect to see this tailored to the circumstances of the firm.
What we found in our 2022/23 AML monitoring reviews
At some firms, we find that they don’t have any written procedures or that they aren’t sufficiently tailored to how the firm performs its CDD checks.
Resources to support compliance
Read the report
Read our 2022/23 anti-money laundering supervision report for more detail on the results of our monitoring reviews.
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